Intermodal
News from the intermodal freight transportation industry.
Southeastern Freight Lines promotes Derrick Battle to Service Center Manager in Pensacola, Florida
| August 19, 2020 | Intermodal | Trucking | People | Appointments
Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced Derrick Battle has been promoted to service center manager in Pensacola, Florida.
Mace brought in to project manage Brent Cross West Station project
| August 19, 2020 | Intermodal | Rail
ATA Truck Tonnage Index Fell 5.1% in July
| August 18, 2020 | Intermodal | Trucking | By The Numbers
FMCSA approves IANA’s exemption request for equipment inspectors’ training
| August 18, 2020 | Intermodal
Daniel Walsh named to lead TRAC
| August 18, 2020 | Intermodal | Trucking
FTR trailer orders continue to climb in July to highest level in 2020
| August 18, 2020 | Intermodal | Trucking
StreetDrone secures UK government funding for 5g autonomous truck project
| August 17, 2020 | Intermodal | Shipping Technology | Trucking
StreetDrone, the full-stack autonomous technology company, has won UK Government funding as part of a consortium tasked with delivering an autonomous logistics capability to Nissan’s Sunderland car plant.
DAT Truckload Volume Index increases 2.1% in July, bucking seasonal trends
| August 14, 2020 | Intermodal | Trucking
Rates, volumes increase as shippers use the spot market to resolve imbalances in their freight networks PORTLAND, Ore. (August 13, 2020)—Bucking seasonal trends, the surge continues in spot market rates across all equipment types, according to DAT Freight & Analytics, which operates the industry’s largest online marketplace for spot truckload freight. The DAT Truckload Volume Index, a measure of dry van, refrigerated and flatbed loads moved by truckload carriers, rose 2.1 percent from June and was 3.7 percent higher than July 2019. Van, reefer and flatbed volumes and rates all ended up positive month over month. “States are reopening at different rates and are being hit by the virus at different times. This is leading to unseasonal peaks and valleys in manufacturing output and consumer demand,” said Ken Adamo, Chief of Analytics at DAT. “Carrier networks are out of balance due to inconsistent freight demand at a commodity and lane level, and this is leading to a spike in demand for spot freight in order to meet the capacity need.” Nationally, the July load-to-truck ratio for vans was up for the third straight month to 4.4, up 25% from last month. The ratio was more than double the July 2019 number (2.1), indicative of a market with more freight than trucks posted on the DAT network. Spot van rates averaged $2.03 per mile nationally, up 23 cents compared to June and 19 cents higher versus July 2019. Spot reefer volumes were up less than 1 percent month-over-month. The reefer load-to-truck ratio was 7.4, four times higher than April’s all-time low of 1.7 loads per truck. The national average reefer spot rate was $2.30 per mile, up 15 cents compared to June, and 11 cents higher year-over-year. Construction activity remains strong, contributing to a national flatbed load-to-truck ratio of 24.8 in June, the highest number since July 2018. July flatbed volume was steady compared to June and down 6.6 percent compared to July 2019 numbers. The national average flatbed spot rate was $2.20 per mile, 13 cents more than June but 7 cents lower than July 2019. DAT Freight Outlook: Higher Van, Reefer Rates in the Forecast National van and reefer spot rates are forecasted to increase through the end of August. Flatbed rates are uncertain in August, but carriers can expect ongoing demand in construction, specifically for standard framing dimension softwood lumber used in new home construction. Consumer spending, which makes up close to 70% of the U.S. economy, will have a large impact on the freight market in August and September. This in turn will be affected by federal stimulus efforts. “The entire supply chain is being forced to adapt to changes in consumer buying patterns, which affects everything from the equipment types needed for delivery to warehousing capacity,” Adamo said. “Increased online shopping is here to stay and shippers and carriers alike are being forced to adjust.” Please visit dat.com/MarketUpdate for regular updates on the freight market and DAT’s most recent freight forecasts.
Tompkins Robotics expands product portfolio with the addition of t-Rail
| August 13, 2020 | Intermodal | Rail
FTR’s Trucking Conditions Index for June reflects freight rebound, tight capacity
| August 13, 2020 | Intermodal | Trucking
Fortress debt sale for Vegas train sees bond market skeptics
| August 13, 2020 | Intermodal | Rail
Anheuser-Busch transitioning fleet to renewable natural gas
| August 12, 2020 | Intermodal | Trucking
Working alongside key suppliers, the country’s largest brewer is transitioning more than 180 trucks in its Houston and St. Louis fleets to renewable natural gas to help reduce its carbon footprint.
Weekly Rail Traffic for the Week Ending August 8, 2020
| August 12, 2020 | Intermodal | Rail
Worst UK rail crash since 2004 kills three after derailment
| August 12, 2020 | Intermodal | Rail
June 2020 Freight Transportation Services Index (TSI)
| August 12, 2020 | Intermodal | Trucking
CenterPoint Properties announces lease agreement with UNIS at CenterPoint Intermodal Center – Joliet
| August 12, 2020 | Intermodal | Trucking
CenterPoint Properties is proud to announce an eight-year lease agreement with UNIS, LLC, for a state-of-the-art facility at 3901 Brandon Road in Joliet, IL. The 826,755 SF building sits on 78 acres in one of the most premier locations in North America for easy access to regional interstates and rail, the CenterPoint Intermodal Center – Joliet (CIC – Joliet).
Ritchie Bros.’ IronPlanet marketplace experiencing busiest summer ever
| August 12, 2020 | Intermodal | Trucking
J.B. Hunt makes first company delivery using the all-electric Freightliner eCascadia
| August 11, 2020 | Intermodal | Trucking
J.B. Hunt Transport Services, Inc., one of the largest supply chain solutions companies in North America, announced today that its subsidiary, J.B. Hunt Transport, Inc., completed its first delivery using the Freightliner eCascadia, Daimler Trucks North America’s (DTNA) all-electric Class 8 truck.
DCLI introduces O’Malley as Senior Vice President, Government and Public Relations
| August 11, 2020 | Intermodal | Rail
Direct ChassisLink, Inc. (“DCLI”) is pleased to announce that Mike O’Malley has joined the company as Senior Vice President, Government and Public Relations. In this newly created role, O’Malley will be the primary point of contact for the Company with external stakeholders such as regulators, legislators, trade groups, and the media.
Carrier Transicold donates refrigeration unit to help mid-Ohio food collective deliver nutritious food to those in need
| August 11, 2020 | Intermodal | Trucking
With the demand for aid from food pantries spiking, the gift of a trailer refrigeration unit from Carrier Transicold is helping the Mid-Ohio Food Bank, the anchor of the Mid-Ohio Food Collective, deliver fresh food to a widening base of people in need throughout the 20-county region that it serves.
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